CoinPip

cryptocurrencyblockchain

FOUNDING YEAR: 2014
LOCATION: Singapore
Last Update: 19/01/2021

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About

Helping small businesses and growth startups make smooth, fast and cheap payments into Southeast Asia - not your traditional money transfer service.

MEDICI Analysis

CoinPip is a B2B blockchain-based payment service for businesses, helping them make cheaper and faster payments to vendors, suppliers and remote workers.

Focus

PRODUCTS & SERVICES

Bitcoin Wallet

REVENUE MODEL

Transaction Based Revenue Model (2%), Trading and Arbitraging (0.8%)

MAIN CLIENTS

Prosky,Artboard,Paykind,Coinding,

EXISTING PARTNERSHIPS

SFOX,Maicoin,Melotic,Coins,ph,bitx

PRIMARY PROBLEM SOLVED

Sending money to frontier markets in Southeast Asia is super challenging. These countries include Vietnam, Philippines, Thailand, Indonesia. We found a way to use blockchain to reduce the currency spreads hence settle payments quickly and cheaply. On the side note, we've also solved the problem that SWIFT can't solve, which is, the one way corridors. We can send money, say US to Philippines, profitably.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

VALUATION / MARKET CAP:

$680 K in 2015

COMPANY TYPE:

For Profit

REVENUE COMMENT:

The more cryptocurrencies that spring up, the more arbitraging opportunities, the more profitable CoinPip will be

NUMBER OF TRANSACTIONS:

3 K

TRANSACTIONS VALUE:

6.5 M

TRANSACTIONS COMMENT:

QoQ growing at 57%. Expected over 7mil by end of 2016

ACTIVE USERS:

1700

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

1,890

AVERAGE VISITS (6 MONTHS)

2,092.49

MONTHLY VISITS GROWTH

6.08%

VISIT DURATION

0

VISIT DURATION GROWTH

---

PAGE VIEWS VISIT

1.04

PAGE VIEWS VISIT GROWTH

3.68%

BOUNCE RATE

96.32%

BOUNCE RATE GROWTH

-3.68%

GLOBAL TRAFFIC RANK

5,267,073

MONTHLY RANK CHANGE

-2,873,481

MONTHLY RANK GROWTH

-35.3%

Innovation Programs

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CoinPip

About

CoinPip is a B2B blockchain-based payment service for businesses, helping them make cheaper an faster payments to vendors, suppliers and remote workers.

Focus

PRODUCTS & SERVICES

B2B Money Transfer Service

REVENUE MODEL

Transaction Based Revenue Model (2%), Trading and Arbitraging (0.8%)

TOP PROBLEM SOLVED

Sending money to frontier markets in Southeast Asia is super challenging. These countries include Vietnam, Philippines, Thailand, Indonesia. We found a way to use blockchain to reduce the currency spreads hence settle payments quickly and cheaply. On the side note, we've also solved the problem that SWIFT can't solve, which is, the one way corridors. We can send money, say US to Philippines, profitably.

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

KEY DIFFERENTIATORS

Pure 100% blockchain-based money transfers

PRIMARY CUSTOMER TYPE

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Online Retail

Small And Medium Business - Other

Traction

REVENUE COMMENT:

The more cryptocurrencies that spring up, the more arbitraging opportunities, the more profitable CoinPip will be

NUMBER OF TRANSACTIONS:

3 K

TRANSACTIONS VALUE:

6.5 M

TRANSACTIONS COMMENT:

QoQ growing at 57%. Expected over 7mil by end of 2016

ACTIVE USERS/ACCOUNTS:

1700 Million

LIVE USERS/TRANSACTIONS:

Yes, in live production

How will you grow the number of users/accounts/transactions?

Online marketing via Facebook and Linkedin

CHANNEL STATUS

CHANNEL SECURE

NUMBER OF CLIENTS OR PAYING CUSTOMERS

102

People

NUMBER OF EMPLOYEES

1-10

TEAM COMMENT:

Lean,Mean. Will be cash flow positive in the first half of 2017. So better get on the train asap! :)

BOARD MEMBERS AND ADVISORS:

Asghar Shah, Hooi Yen Chin

INVESTORS:

500 Startups

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO